As prudent stewards of client capital and as part of a commitment to adhering to the highest international standards, Jasper welcomes the HFSB's effort to enhance global industry standards and facilitate investors due diligence.
Jasper Capital International Becomes Second China-Based Signatory to HFSB
Established in 2008, the HFSB is a standard-setting body for the alternative investment industry and custodian of the Hedge Fund Standards.
says that managers who comply with such regulations will very likely comply with the following proposed standard:
Antonio Borges, chairman of the HFSB
, said, 'The HFSB
standards would already make it very difficult for a Madoff-type scandal to occur but we believe it is right to raise the bar higher in the light of recent events.
Antonio Borges, chairman of the HFSB, said, "In the current climate it is essential that the hedge fund industry demonstrates to regulators and policymakers that it is adhering to the highest standards by ensuring there are safeguards in place that would make a Madoff-type scandal very unlikely.
"The HFSB standards provide comfort to investors and we are grateful for the encouragement we have had from the Financial Stability Forum and the Financial Services Authority for the HFSB approach."
The HFSB was formed in January 2008 to take forward the work started by the Hedge Fund Working Group (HFWG), whose report on best practice standards was published that month.